U.S. CPI inches up 0.4% for October 2019

November 13, 2019

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% for October after being unchanged in September, on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics indicated. The all items index increased 1.8% before seasonal adjustment over the last year.

The index for all items less food and energy increased 0.2% in October, after rising 0.3% in September. The indexes for medical care and for recreation, the indexes for used cars and trucks, for shelter, and for personal care all rose in October. The indexes for apparel, household furnishings and operations, for new vehicles, and for airline fares were some of the few that declined over the month.

The all items index rose 1.8% for the 12 months ending October, marginally higher than the 1.7% increase reported for the period ended September. The all items less food and energy index rose 2.3 % over the last 12 months, as the food index also rose 2.1%. The energy index decreased 4.2 % over the past year.

The index for food increased 0.2% in October, while the index for food at home, rose 0.3%. The index for fruits and vegetables increase 0.9% after trending downwards in recent months. The meats, poultry, fish, and eggs index climbed 0.6% in October as the index for beef rose 1.3%. The indexes for other food at home and for dairy and related products also went up in October.  However, these advances were tempered by a 0.3% decrease in the index for non-alcoholic beverages and a 0.1% fall  in the index for cereals and bakery products in October.

The energy index climbed 2.7% in October after falling in September and August. The gasoline index increased 3.7% in October following a 2.4% decline in September. The index for electricity index increased 1.6%. The natural gas index also increased by 2.4% in October.

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